Unirita Inc. (JASDAQ:3800) agreed to acquire the remaining 33.33% stake in Bitis, Inc. from Makoto Takano, Toshifumi Oda, and others for ¥38.5 million in stock on August 4, 2015. Unirita Inc. (JASDAQ:3800) exchanged a contract to acquire the remaining 33.33% stake in Bitis, Inc. from Makoto Takano, Toshifumi Oda, and others for ¥38.5 million in stock on August 6, 2015. Unirita will acquire 200 shares of Bitis in the deal.

96 shares of Unirita Inc will be issued for each share of Bitis, Inc. Makoto Takano will sell 9.17% stake and Toshifumi Oda will sell 7.67% stake. In related transactions, Unirita Inc. agreed to acquire the remaining 3.52% stake in Aspex, Inc. from Kazuya Yoshida, Maya Nishikawa, and other sellers for ¥7.3 million on August 4, 2015 and remaining 40.97% stake in Data Research Institute from Masaaki Tsubaki, K.K. Ashisuto, and others for ¥79.2 million on August 6, 2015. Unirita Inc. will operate Bitis, Inc. as its wholly owned subsidiary.

For the year ended March 2015, Bitis, Inc. recorded net asset of ¥113 million, total asset of ¥298 million, revenues of ¥322 million, operating profit of ¥31 million and net profit of ¥29 million. The Board of Bitis, Inc and Unirita Inc approved the transaction on August 4, 2015 and August 6, 2015 respectively. The shareholder's meeting of Bitis, Inc for the approval of transaction will held on August 14, 2015.

The transaction is expected to close on September 7, 2015.